The fears of an economic slowdown, triggered by the financial system failures and the macroeconomic headwinds, resulted in a volatile market recently. Moreover, the water industry, considered extremely crucial for public health, the environment, and the economy, is not out of the grasp of the macro headwinds.
Given this backdrop, let us probe into some water stocks, Middlesex Water Company (MSEX), Cadiz Inc. (CDZI), and Ocean Power Technologies, Inc. (OPTT), which might be best avoided for reasons mentioned in the article.
